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67.770 Extensions.

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Page 1 of 1 67.770 Extensions. (1) A tax district may grant any business entity an extension of not more than six (6) months, unless a longer extension has been granted by the Internal Revenue Service <br>or is agreed to by the tax district and the business entity, for filing its return, if the <br>business entity, on or before the date prescribed for payment of the tax, requests the <br>extension and pays the amount properly estimated as its tax. (2) If the time for filing a return is extended, the business entity shall pay, as part of the tax, an amount equal to twelve percent (12%) per annum simple interest on the tax <br>shown due on the return, but not previously paid, from the time the tax was due <br>until the return is actually filed and the tax paid to the tax district. A fraction of a <br>month is counted as an entire month. Effective: July 13, 2004 <br>History: Amended 2004 Ky. Acts ch. 63, sec. 5, effective July 13, 2004. -- Created 2003 Ky. Acts ch. 117, sec. 9, effective June 24, 2003.